Areva says will not set minimum acceptance level in Repower takeover bid UPDATE |
|
|
|
Published
:
Tue, 17 Apr 2007 08:03
|
(updates with rival bid's deadline extension, background)FRANKFURT (Thomson Financial) - Areva said it will not make a minimum number of shares it acquires a condition of its 140 eur a share takeover bid for Repower Systems AG.The deadline for shareholders to accept the offer has been extended until May 4 as a result of the waiver, Areva said in a statement.The acceptance period for a rival bid by Suzlon Energy Ltd will also be extended to May 4, the French nuclear power giant said.Suzlon last week increased its bid for Repower to 150 eur a share from 126 eur, valuing the German wind turbine maker's equity at 1.22 bln eur.Repower's chairman Fritz Vahrenholt previously said the company is willing to be bought by either Areva or Suzlon and would prefer if the two rival bidders formed an alliance.maria.sheahan@thomson.commas/vs/vsCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
|
|
|
|
Print this Story
Repower says Areva raises stake to 30.14 pct 